$11.53
-0.29 (-2.45%)
Melco Crown Entertainment (NASDAQ:MPEL)
CAPS Rating:
The Company develops, owns, and operates casino gaming and entertainment resort facilities.
The Company develops, owns, and operates casino gaming and entertainment resort facilities.
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Recs
Now that a majority of the infrastructure is in place, this stock will see increased revenue in the coming year. As this is realized, more people will flock to this stock. The low P/B and high revenue growth make it very attractive. The refinancing of debt, criticized as expensive, likely will be overcome by revenue growth. Finally, although there is always a risk of restrictive regulations from China, I see that country managing itself well through this economic slump, I see more and more consumers in the coming months coming from the mainland & Hong Kong.